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| Section | Objectives |
|---|---|
| Topic 1: Closing Operations | - Financial statement preparation
|
| Topic 2: Asset Accounting | - Asset master data
|
| Topic 3: Accounts Payable | - Vendor master data
|
| Topic 4: Accounts Receivable | - Receivables processing
|
| Topic 5: General Ledger Accounting | - Master data configuration
|
1. You can have multiple retained earning accounts and if so then you need to select in the master data which PSL account has which retained earning account.
A) true
B) false
2. You can create it using various sort versions and totals at any group level just like any other report
A) False
B) True
3. Document splitting has three steps and they are
A) clearing lines/zero balance formation
B) active (rule-based) split
C) passive split
D) all of the above
4. Automatic offsetting entries are transactions that are always posted on the same offsetting account. Example Posting of a guarantee of payment
A) False
B) True
5. You can carry out any number of variance analyses based on actual and planned data in
A) key figure reports
B) reports for financial statement analysis
C) balance display
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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